VoIP service Skype Acquires Qik


Skype is moving on from recent unfortunate events with the acquisition of the video internet service Qik.

According to reports the company could pay anything from $100 - $150 million to acquire the fast-growing mobile video software provider.

That will be a step in the right direction after the recent Skype service outage which saw them offer compensation to millions of customers.

In only one year Qik has proved very popular by amassing more than 5 million users. In the meantime it went into partnership with huge companies such as T-Mobile, Samsung, Nokia and Sprint.

Buying Qik makes sense for Skype as the companies have complementary services. The announcement was made at the Consumer Electronics Show in Las Vegas with private terms expected to conclude by the end of the month.

Skype’s CEO Tony Bates stated: “The Qik team has delivered exceptional video experiences for its mobile partners and millions of end users across a range of devices.

"Skype’s software enables an estimated 25% of the world’s international long distance voice calling minutes, and approximately 40% of those Skype-to-Skype calls are happening over video. Qik’s deep engineering capabilities and strong mobile relationships will be an impressive complementary fit with Skype.”

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